Packaging producer Constantia Flexibles GmbH has announced it is buying Pemara Labels Group, based in Melbourne, Australia, which Constantia says will strengthen its position in the Southeast Asia label market. Terms of the deal have not been revealed.
Pemara produces self-adhesive labels (pressure-sensitive labels), in-mold labels and Fix-a-Form leaflet-labels for customers in consumer goods, pharmaceutical, as well as food and beverage sectors, across the Asia Pacific region.
The company operates four plants in Australia, Malaysia, Vietnam and Indonesia, and has sales offices in Sydney, Australia, and Manila, Philippines. Pemara, which is privately owned, had sales of approximately 30 million euros in the financial year ended June 2015 and currently has more than 300 employees.
”With its excellent managerial experience, leading technology and more than 20 years of experience in Asia, Pemara is a great addition to Constantia Flexibles,” said Mike Henry, Constantia executive vice president and head of the company's labels division. “We can expand our regional footprint and thus support our multinational customers with their global expansion. In addition, we increase our position in the home and personal care market.”
Vienna, Austria-based Constantia says its labels division is the world's fourth largest label manufacturer supplying the food, beverage and personal care industries. The division has annual sales of more than 500 million euros and supplies more than 1,000 global customers from 19 production facilities employing more than 2,000 people.
Constantia is owned by Paris-based investment firm Wendel Group.